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2011 (12) TMI 427 - CESTAT MUMBAIInterest on the pre-deposit - Delayed payment of refund - Held that:- In the present case there is a delay of 39 days beyond the period of 3 months from the date of final order passed by the Tribunal. We find that Tribunal in the case of CCE v. Kamdeep Marketing Pvt. Ltd. reported as (2010 (12) TMI 278 - CESTAT, DELHI) allowed the interest on delayed refund of pre-deposit relying upon the decision of Hon’ble Supreme Court in the case of I.T.C. (2004 (12) TMI 90 - SUPREME COURT OF INDIA). In view of above decision, the appellants are entitled for interest on the delayed payment of pre-deposit and the Revenue is at liberty to recover from the concerned officers as per the Board’s Circular - Decided in favour of assessee.
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